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Topic: Mitsubishi Bank

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	No. 03-907: Commissioner v. Banaitis - Petition
		Pursuant to the settlement agreement, Mitsubishi Bank and the Bank of California issued checks that together totaled $8,728,559: (i) the Bank of California wrote a check for $3,864,012 which, pursuant to the terms of the contingent fee agreement, was paid directly to the attorneys; and (ii) Mitsubishi Bank remitted the remaining $4,864,547 directly to Banaitis.
		Banaitis alleged that Mitsubishi Bank intentionally and willfully interfered with Banaitis' employment agreement and economic expectations and caused the Bank of California to discharge Banaitis.
		Mitsubishi Bank was 80% at fault for the damages with the Bank of California 20% at fault, but the defendants were jointly and severally liable for the economic damage award and severally liable for the noneconomic and punitive damages awarded.
	www.usdoj.gov /osg/briefs/2003/2pet/7pet/2003-0907.pet.aa.html (8628 words)

	The Bank of Tokyo-Mitsubishi UFJ - Wikipedia, the free encyclopedia
		) (NYSE: MTU), or BTMU, is a Japanese bank that was established on January 1, 2006, with the merger of The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited.
		The bank serves as the core retail and commercial banking unit of the Mitsubishi UFJ Financial Group, the Japanese largest financial services company measured by assets.
		The Bank of Tokyo-Mitsubishi merged with UFJ Bank Limited, forming The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Note: The UFJ was formed from a merger with Toyota's Toyo Trust and Banking).
	en.wikipedia.org /wiki/Mitsubishi_Bank (420 words)

	Mitsubishi Electric - About Us - Canada
		Mitsubishi founder Yataro Iwasaki was born in 1834 in the village of Inokuchi on the island of Shikoku.
		It was the forerunner of today’s Mitsubishi Bank and Mitsubishi Warehouse and Transportation.
		Mitsubishi companies were very much a part of that growth — in their established industries and in new ones.
	www.mitsubishielectric.ca /corporate/our_history.html (1582 words)

	The Mitsubishi Group
		The companies of the Mitsubishi zaibatsu that formed the Mitsubishi keiretsu were predominantly heavy industrial companies.
		The main bank for the group, Mitsubishi Bank, merged with the Bank of Tokyo, a quasi-governmental bank that was set up in the Meiji Period to handle foreign exchange transactions.
		The general trading company for the group is Mitsubishi Shoji, which is important enough to be part of the core of the group.
	www.sjsu.edu /faculty/watkins/mitsubishi.htm (267 words)

	Mitsubishi Bank Plans to Rescue Nippon Trust
		The takeover marks a tacit acknowledgment by the government that despite official reassurances, several of Japan's trust banks are in effect insolvent because of ill-advised property and stock lending.
		But the transaction, which is the latest in a series of financial- market rescue operations that include loan-reschedulings and buy-backs, also underscores the government's determination to ensure a soft landing in the financial crisis triggered by the collapse of the bubble economy four years ago.
		The takeover by Mitsubishi Bank was also aided by a sense of obligation that stemmed from the bank's long-standing ties with Nippon Trust, of which it owns 5 percent.
	www.iht.com /articles/1994/10/13/fail_0.php (589 words)

	Oligopoly Watch
		Two of Japan's largest banks, #2 Mitsubishi Tokyo Financial and #3 Sumitomo Mitsui Banking are fighting to merge with #4 UFJ Holdings.
		Banks like Citigroup and Bank of America are looking abroad, and they have the funds.
		The bank is the fifth-largest bank in China, having 2,700 branches around China.
	www.oligopolywatch.com /2004/08/02.html (628 words)

	Asia Times Online - The trusted news source for information on Japan
		The head of the family-owned Mitsubishi group, Koyato Iwasaki, a crusty direct descendent of the founder, though suffering on his deathbed, was outraged.
		Mitsubishi Fuso's boss is Wilfried Porth, a former DaimlerChrysler executive who has the tough job of looking after the $1.26 billion the company has in two portions to hold 65 percent of the company.
		Mitsubishi Corp leads the way among the big trading houses, and Mitsubishi Estate is rebuilding part of downtown Tokyo, much of which it owns.
	www.atimes.com /atimes/Japan/FE11Dh02.html (1644 words)

	CBS News \| Systems Glitch Mars Opening of Japan Bank
		The bank was investigating the exact cause of the glitch, Moto said.
		The new bank's birth is the latest development in a continuing realignment of this nation's banking sector, which has in recent years been slowly recovering from massive bad loans that had piled up during a decade-long economic slowdown.
		Mitsubishi UFJ Financial Group posted strong earnings in November due to lower bad-loan write-off costs, and expects to post a group net profit of 520 billion yen ($4.4 billion) for the fiscal year through March 31, 2006.
	www.cbsnews.com /stories/2006/01/04/ap/business/mainD8ETQ49G0.shtml (857 words)

	FindLaw for Legal Professionals - Case Law, Federal and State Resources, Forms, and Code
		West Road's banker, United States National Bank of Oregon (National), agreed to be the confirming bank.1 Unusually, the Mitsubishi letter of credit contained a "red clause."2 Ordinarily, to draw on a letter West Road would have had to provide National with documents--a draft, invoices and the like--showing it had shipped the panels.
		Under those circumstances, Mitsubishi, the issuer of the letter of credit, would certainly be entitled to recover the amount paid by National that did not comply with the agreed upon terms.
		But, in Pubali an issuing bank sued an advising bank which was also the assignee of the letter's proceeds and which collected on theletter twice.
	laws.lp.findlaw.com /getcase/9th/case/9635175.html (2529 words)

	Dirty Dozen - Mitsubishi
		Mitsubishi Heavy, which builds patriot missiles, is also Japan's number one defense contractor--no small market, considering that Japan's "non-offensive" military's budget is already the third largest in the world.
		The core Mitsubishi companies are global leaders in most key economic sectors and are involved in a vast array of activities ranging from making chopsticks to building sophisticated defence weaponry and systems.
		Mitsubishi Heavy Industries is the key Japanese industry participant in developing a sea-based theater missile defense system that Washington and Tokyo agreed to research in mid-August of 1999.
	www.reachingcriticalwill.org /corporate/dd/mits.html (1119 words)

	sfweekly.com - News - High Anxiety
		Boycott Mitsubishi's Bank of California." Below that, next to a silhouette of a panther, was the name of their organization: Rainforest Action Network (RAN).
		When the RAN marchers arrived at the bank, they banged on drums and cheered loudly for their high-strung colleagues -- Donna Parker, 32, and Ana Gerhardt, 26 -- for this latest in a series of bravura actions by the S.F.-based RAN that have upped the stakes in environmental activism.
		As for implicating Bank of California in the destruction of the world's rain forests, Rosso counters that Bank of California's parent, Mitsubishi Bank Ltd., has "no influence" over Mitsubishi Corp., the Japanese keiretsu, or affiliation of companies with worldwide holdings.
	www.sfweekly.com /issues/1996-01-10/news/news2.html (914 words)

	Mitsubishi Tokyo Miscellaneous (Site not responding. Last check: 2007-11-03)
		He served as a deputy president of UFJ Bank from May 2002 to May 2004, and as a senior executive officer of UFJ Bank from January 2002 to May 2002.
		He served as a senior managing director of The Mitsubishi Trust and Banking Corporation (MTBC) from June 2001 to March 2004, as a managing director of MTBC from June 1999 to June 2001, and as a director of MTBC from June 1997 to June 1999.
		He served as a managing director of Mitsubishi Bank from June 1989 to June 1994 and as a director of Mitsubishi Bank from June 1986 to June 1989.
	www.advfn.com /news_miscellaneous_11042031.html (3005 words)

	CorpWatch : MITSUBISHI: The Most Environmentally Destructive Corporate Force on Earth
		The core Mitsubishi companies are ranked as global leaders in most key economic sectors and are involved in an array of activities that range from making chopsticks to building rocketships.
		Mitsubishi Heavy, which builds patriot missiles, is also Japan's number one defense contractor -- no small market, considering that Japan's "non-offensive" military's budget is already the world's third largest.
		The flagship corporations -- the banks and sogo shosha -- use their reciprocal trade and financing relationships with other keiretsu members as the primary vehicles to arrive at a highly sophisticated level of collaboration.
	www.corpwatch.org /article.php?id=988 (781 words)

	Mitsubishi Motors gets $4 billion bailout - Automotive - MSNBC.com
		Mitsubishi, which employs workers in factories and offices in Japan, the United States, Europe and Australia, did not give a regional breakdown of the job cuts.
		On Thursday, Mitsubishi Fuso Truck and Bus Corp., which was spun off from the automaker, acknowledged that defects had probably been concealed and announced a recall of 180,000 trucks.
		Mitsubishi Motors appointed Hideyasu Tagaya, who has experience with North American operations in the 1970s and 1980s, as chief operating officer and president Friday, subject to shareholders’ approval in June.
	www.msnbc.msn.com /id/5030063 (917 words)

	sfweekly.com - News - High Anxiety
		But Wechselblatt ruffles at RAN's characterization of Mitsubishi as a "conglomerate"; furthermore, he claims that his company is no longer involved actively in tropical logging operations, though he admits it buys tropical logs on the open market.
		His counterstrategy in the Mitsubishi case is simple: "They're now going to be a target, and we're going to extreme lengths to embarrass them." The Bank of California banner has not been the only instance of an attention-getting action.
		Indeed, the Bank of California action has galvanized both Gerhardt (who sees the Mitsubishi campaign as part of a larger "struggle for social change") and Parker (who vows, "If Mitsubishi is my target, then I'm going to hit them hard").
	www.sfweekly.com /issues/1996-01-10/news/news2_full.html (1407 words)

	Bank security - Mitsubishi-Tokyo bank - A Case study (Site not responding. Last check: 2007-11-03)
		Access control and in particular visitor control is a very significant concern for the finance and banking industry.
		Many financial institutions recognise this specific threat, and it was no suprise when Mitsubishi Tokyo, the large bank in the world came to AC Controls seeking an access control system for their London headquarters.
		The Bankers Trust (recently merged with Deutsche Bank) also came to AC Controls seeking to combat the risk of unauthorised visitors to their buildings.
	www.accontrols.co.uk /profile/casestudy-Mitsubishi.html (277 words)

	9/87 BANK BAD DEBT RESERVES & OTHER RISK MANAGEMENT REGULATION. (Site not responding. Last check: 2007-11-03)
		Following moves by Citibank and other foreign banks, for the half year business term ending September, 1987 Japanese banks are expected to drastically increase their bad debt reserves (loan-loss reserves) for loans to developing countries.
		The Chicago subsidiary of the Bank of Tokyo is reportedly reserving $7 million, the Bank of California (a subsidiary of Mitsubishi Bank) over $10 million and the California subsidiary of Sanwa Bank several million dollars.
		Note:Method B--Market value is determined by the holdings of securities of each of the banks as found in the securities reports filed by listed companies (in which are listed the top 20 shareholders of each company and the level of their holdings) multiplied by the March 1987 market value of the shares.
	www.japanlaw.info /lawletter/sept87/gmd.htm (509 words)

	Bank OF Tokyo Mitsubishi Miscellaneous
		Outline of Management Integration (i) As the needs of customers in Japan and abroad become diversified and sophisticated, Mitsubishi Tokyo Financial Group and UFJ Group aim, through their management integration, to create a "premier comprehensive global financial group" that is competitive worldwide, and to provide customers with products and services of the highest quality.
		Integration schedule The integration of the two groups' holding companies, banks, trust banks and securities companies is targeted for completion by October 1, 2005, subject to receiving approval from the relevant authorities as stipulated by law.
		A bank integration committee, a trust bank integration committee, and a securities company integration committee will also be established at banks, trust banks and securities companies, respectively.
	www.advfn.com /news_miscellaneous_8476882.html (1053 words)

	TABLE: Mitsubishi: A Look Back in Time (int'l edition)
		Mitsubishi Motors storms the U.S. with cars made under its own name, such as the Starion sports car and the Cordia sedan.
		Mitsubishi Bank launches $1.6 billion bailout for affiliated lender Nippon Trust, which is foundering under bad real estate loans.
		Mitsubishi Motors is sued in a U.S. sexual harassment case.
	www.businessweek.com /1999/99_11/b3620012.htm (300 words)

	Forbes.com: Japan Hot Stocks-Mitsubishi Motors, bank shares, Casio, Kyocera (Site not responding. Last check: 2007-11-03)
		Mitsubishi Motors untraded with glut of sellers at 306 yen, down 4.7 percent from Thursday's close of 321 yen, after the Tokyo Stock Exchange resumed trading in the stock.
		Bank shares fell on reports that Japan's main banking regulator will notify major banks on Friday of the results of checks on their biggest borrowers.
		Sources told Reuters that all top banks would be notified by the Financial Services Agency (FSA) about the results of the inspection, the third of its kind aimed at reducing the level of bad loans in the banking system.
	www.forbes.com /reuters/newswire/2004/04/23/rtr1344299.html (819 words)

	Asia Times Online - The trusted news source for information on Japan
		TOKYO - Late in 1933, during a severe banking crisis, three local Osaka financial institutions joined forces to create a "people's" Sanwa Bank, whose written characters mean "three harmonies" - with a three-leaf green clover symbol.
		MTFG is itself the product of an early merger in 1996, of Mitsubishi Bank (the financial pillar of the Mitsubishi Group) and the Bank of Tokyo (once Japan's designated foreign-exchange specialist).
		The bank aims to do this mainly by helping its large borrowers return to profitability during the first half of fiscal 2004 (ending September).
	www.atimes.com /atimes/Japan/FG16Dh04.html (1071 words)

	Mitsubishi Tokyo Financial Group News - Page 2
		Mitsubishi UFJ Financial Group Inc., the world's biggest bank by assets, said first-quarter profit fell 16 percent after taxes more than doubled and it posted losses from bond trading.
		Mitsubishi UFJ Financial Group Inc. completed repayment Friday of the public funds that the government funneled into its capital base in the late 1990s, becoming the first to do so among the nation's three...
		Mitsubishi UFJ Financial Group Inc. posted a record net profit of 1.18 trillion yen on a consolidated basis for the year ending March 31, the world's largest banking group said Monday, closing in on Toyota...
	www.topix.net /com/mtf/page2 (1063 words)

	Mitsubishi Bank In Singapore - Offshore Investments, Offshore Banking (Site not responding. Last check: 2007-11-03)
		BANK OF TOKYO MITSUBISHI UFJ LTD LABUAN BRANCH
		Bank Of Tokyo Mitsubishi Philippines - Offshore Banking
		Bank Mitsubishi Offshore Singapore Tokyo Offshore Outsourcing Bank Mitsubishi Offshore Singapore Tokyo.
	www.offshore-resources.net /mitsubishibankinsingapore.htm (372 words)

	Mitsubishi UFJ to Expand in India, Receives License in Russia - SeekingAlpha
		Next, a statement by Mitsubishi regarding its MOU with ICICI can be read here (pdf format).
		ZAO Bank of Tokyo-Mitsubishi, its wholly-owned subsidiary is the actual recipient and the first among Japan's three mega banks to enter Russia.
		You mentionned 'As of last September Mitsubishi UFJ Financial Group owned 61.2% of Mitsubishi UFJ Securities.', well as you know today's big news was the fact that MUFJ has decided to buy back 100% of MUFJ securities and therefore delist the sub form TSE.
	japan.seekingalpha.com /article/16039 (812 words)

	Mitsubishi Electric US History
		He donated to the city of Tokyo two expansive Japanese gardens—Rikugien, in Komagome, and Kiyosumi, in Fukagawa—that are among the finest in the city.
		Mitsubishi companies were very much a part of that growth—in their established industries and in new ones.
		International exchange is a chief emphasis in those endeavors, as in the Mitsubishi Impression Gallery—Festival of Asian Children’s Art.
	www.mitsubishielectric.com /about/history.html (1535 words)

	BTM to create world's fifth-largest bank - Apr. 19, 2000
		The tie would mark the latest step in the rapid consolidation of Japan's troubled banking sector, a process that has been driven by a huge overhang of bad debts and overvalued assets that banks bought during the late 1980s and the deregulation of Japan's brokerage sector in 1998.
		BTM, formed by the merger of Bank of Tokyo and Mitsubishi Bank in 1996, was formerly Japan's largest financial institution, although it will be overtaken by new banks being formed in a series of mergers recently unveiled.
		Both banks are members of Japan's biggest industrial grouping; the keiretsu controlled by Mitsubishi Group, and there was disappointment that BTM has not sought to tie with a rival keiretsu to speed industry consolidation, a path taken by the other recent mergers..
	money.cnn.com /2000/04/19/europe/btm_mtb (745 words)

	Union Bank of California - History & Timeline
		In 1947, Yokohama Specie Bank became The Bank Of Tokyo, Ltd., and in 1953 it established a San Francisco subsidiary called The Bank of Tokyo California (BOTC).
		Union Bancorp, a one-bank holding company, was established in 1967 and acquired by Standard Chartered PLC of London in 1979.
		In 1984, The Bank of California became a wholly owned subsidiary of The Mitsubishi Bank, Ltd., which had been founded by former samurai Yataro Iwasaki in 1880.
	www.uboc.com /about/main/0,,2485_2787,00.html (292 words)

	CBS News \| System Glitch Mars Debut of Japan Bank
		All other operations at the bank seemed to be going smoothly, he said.
		But he said his bank hopes to control about 50 percent market share for Japanese companies doing business in Asia.
		Bank officials said no decision has been made.
	www.cbsnews.com /stories/2006/01/04/ap/business/mainD8ETQPUO0.shtml (860 words)

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